Cushman & Wakefield plc (NYSE:CWK) Short Interest Down 8.0% in June

Cushman & Wakefield plc (NYSE:CWK) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totalling 10,860,000 shares, a drop of 8.0% from the May 31st total of 11,800,000 shares. Based on an average daily volume of 2,450,000 shares, the short-interest ratio is presently 4.4 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CWK shares. Jefferies Financial Group started coverage on Cushman & Wakefield in a report on Wednesday, April 10th. They issued a “buy” rating and a $13.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of Cushman & Wakefield from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, June 21st. Wolfe Research reaffirmed a “peer perform” rating on shares of Cushman & Wakefield in a report on Tuesday, April 9th. Finally, Raymond James cut Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price target for the company. in a report on Wednesday, April 3rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.58.

Cushman & Wakefield Stock Performance

Shares of CWK traded up $0.29 during trading hours on Wednesday, hitting $10.47. The company had a trading volume of 668,881 shares, compared to its average volume of 2,317,676. The business has a fifty day moving average of $10.47 and a 200-day moving average of $10.28. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.89. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 261.75 and a beta of 1.33. Cushman & Wakefield has a 12 month low of $6.24 and a 12 month high of $11.83.

Insider Activity at Cushman & Wakefield

In other Cushman & Wakefield news, major shareholder Tpg Gp A, Llc sold 17,098,001 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $11.00, for a total transaction of $188,078,011.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.01% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. SummerHaven Investment Management LLC boosted its holdings in shares of Cushman & Wakefield by 1.3% during the fourth quarter. SummerHaven Investment Management LLC now owns 77,588 shares of the company’s stock worth $838,000 after acquiring an additional 1,026 shares during the period. ProShare Advisors LLC boosted its stake in Cushman & Wakefield by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 33,539 shares of the company’s stock valued at $351,000 after purchasing an additional 2,303 shares during the period. Illinois Municipal Retirement Fund boosted its stake in Cushman & Wakefield by 2.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 98,800 shares of the company’s stock valued at $1,033,000 after purchasing an additional 2,418 shares during the period. Texas Permanent School Fund Corp grew its holdings in Cushman & Wakefield by 1.7% in the 1st quarter. Texas Permanent School Fund Corp now owns 147,178 shares of the company’s stock valued at $1,539,000 after buying an additional 2,428 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Cushman & Wakefield by 11.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,357 shares of the company’s stock worth $393,000 after buying an additional 3,774 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

About Cushman & Wakefield

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.